🗽 Independence Day Deal! Unlock custom strategy scanner + big savings on our annual plans – Click here 🎆

Option SamuraiSTART FOR FREE
BLOG

Unusual Option trade on $DD

Last updated Aug 18, 2023
(Originally published on Apr 9, 2023)

Update: We've written a step-by-step guide on how to trade unusual options activity. Check it out after you've read this post.

On Jan 7th, I noted that a trader had traded an unusually large amount of call options on $DD. That unusual options trade was interesting because of the (relatively) low break-even point (3% from close) and the large number of options traded. The volume for the day was 865 TIMES bigger than the entire open interest on the stocks. Also, and maybe more importantly - the expiration - 23rd of Jan was close - another testament to that trader's conviction.

$DD unusually large volume on jan-23 72C. 865x the OI. Trader made a bullish bet. BE point 73$ - 3% above close. — OptionSamurai (@OptionSamurai) January 7, 2015

On Jan 9th - just two days later, the market turned very bullish, and stocks soared higher. In two days, the trader made over 400K$. Not bad:

$DD Trade - option Samurai
$DD Trade

You can find more trades like this in our options scanner.

AUTHOR
  • Leav Graves
    Leav GravesCEO

    Leav Graves is the founder and CEO of Option Samurai and a licensed investment professional with over 19 years of trading experience, including working professionally through the 2008 financial crisis.